Blog

3, 2, 1 with Sue Keegan: Pre-licensing, E&O Mock Trial, May the 4th be with You

​3 ThingsDo you have someone, or are you someone, who is ready to become licensed?  We offer P & C and Personal Lines licensing classes.  As a matter-of-fact, we have a class kicking off on 06/08/2021.  Grab a seat now!Read this blog post​ from Tim Dodge regarding fraudulently-issued insurance policies.  It’s happening.  As a matter-of-fact, it happened to yours truly.2021 brings with it the 35th year in which we’ve put together an E&O seminar.  And folks, this year, we broke the mold.  We conducted an “E&O mock trial” for your educational entertainment. Starring in this epic production are our lead attorneys, Jim Keidel and Chris…

Continue Reading3, 2, 1 with Sue Keegan: Pre-licensing, E&O Mock Trial, May the 4th be with You

Albany Update: Monumental Victory in Best Interest Regulation Lawsuit, Big I NY Photo Inspection Bill Clears Key Vote

​On Thursday, in a stunning unanimous decision, a New York Appellate Court sided with Big I NY, ruling that the 2018 amendment to Insurance Regulation 187 (AKA, the “best interest regulation) is unconstitutionally vague. Big I NY contended that, among many other issues, the regulation is unclear on what specifically producers must do in order to comply. The ruling is the latest development in Big I NY's ongoing legal challenge to the regulation, which began shortly after the regulation was adopted in 2018. The DFS is has 30 days to decide if they will appeal the ruling to the state's highest court, the New York…

Continue ReadingAlbany Update: Monumental Victory in Best Interest Regulation Lawsuit, Big I NY Photo Inspection Bill Clears Key Vote

Industry Roundup: April 29th

New York Warns of Supply Chain​ Attack Dangers in Recent SolarWinds ReportThe next great financial crisis could come from a cyber attack. At least, that's according to New York State Department of Financial Services (DFS) Superintendent Linda Lacewell in a statement regarding DFS' recent report outlining its investigation into the SolarWinds attack. The report summarizes the attack, the response by DFS-regulated companies and key measures to prevent future events of a similar nature.​Insurance 'The Final Safety Net' in Cyber​ Risk ManagementCyber insurance can serve as “the final safety net" for your agency in the worst-case scenario that something happens to you. It cannot act as…

Continue ReadingIndustry Roundup: April 29th